RF Industries (RFIL) Misses Q3 EPS by 3c

RF Industries (NASDAQ: RFIL) reported Q3 EPS of $0.04, $0.03 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $8.9 million versus the consensus estimate of $8.1 million.

At July 31, 2015, the Company reported working capital of $15.7 million, including cash and cash equivalents of $7.9 million, a current ratio of approximately 4.2‑to‑1, no long‑term debt, and stockholders' equity of $26.2 million. During the first nine months of fiscal 2015, the Company used net cash of $5.1 million and issued 302,848 shares of unregistered common stock to acquire the Comnet and Rel-Tech subsidiaries and to purchase a new, patented line of connector products known as CompPro. The Company also paid cash dividends of $0.07 per share in each of its first three quarters of fiscal 2015, or a total of $1.8 million, to its stockholders.

For earnings history and earnings-related data on RF Industries (RFIL) click here.

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